Bloomberg Google, the world’s biggest search engine, is welcome to return to China as long as it complies with the nation’s laws and right to control the internet within its borders, the People’s Daily said. The opinion piece in the state-run newspaper said the Alphabet Inc. unit’s 2010 withdrawal from China, when it complained about hacking and censorship, was a ...

Bloomberg The Japanese university at the centre of a sexism scandal apologised for “systematic” manipulation of test scores aimed at keeping female students out, with top officials saying that discrimination against women should never be allowed. After media reports surfaced of the discrimination, Tokyo Medical University today released a report that concluded a written test for prospective students had “serious ...

Bloomberg UK Prime Minister Theresa May is resisting the European Union’s timetable for Brexit talks and is calculating that US President Donald Trump might help her. While EU officials are signaling they want September to be a showdown moment in negotiations, the UK is aiming for a later deadline, according to a person familiar with the situation. May’s team thinks ...

Bloomberg Glencore Plc may have had a nightmarish year so far, but the world’s top commodity trader is still raking in mountains of money. The company is facing a US corruption probe, got mired in a dispute with its billionaire former partner in the Democratic Republic of Congo and has been caught in the fallout from new US sanctions on ...

Bloomberg Automakers failing to cut greenhouse gas emissions risk writing a big check to the European Union. Manufacturers ranging from Renault SA to Mercedes-Benz maker Daimler AG are on the hook for total fines in excess of 14 billion euros ($16 billion), should they fail to comply with tighter emission regulation phased in from 2020 and in full force the ...

Bloomberg Daimler AG dropped plans to expand its business in Iran after the US renewed a host of sanctions and President Donald Trump threatened to penalise companies doing business in the country. The German carmaker has suspended its “limited” activities in Iran until further notice because of the trade curbs coming into effect on Tuesday, the Mercedes-Benz maker and biggest ...

Bloomberg They’re Donald Trump’s kind of business. They dominate the domestic market, rack up a trade surplus by selling to foreigners, and do a lot of their manufacturing in states that voted for him. But America’s recreational boat-builders are getting caught up in the president’s trade war. With every escalation, they’ve taken a fresh hit. The industry employs about 150,000 ...

Let’s travel back in time to 1995. Most Americans still remembered the calamitous inflation of the late 1970s (prices rose 13 percent in 1979). Many federal benefits, including Social Security, were (and are) tied to inflation. But was the inflation overstated, as many economists thought? If so, the economy might be doing better than repor-ted. To answer that question, the ...

Corporate executives and their accountants have long contended that the use of adjusted earnings, which ignore costs like acquisition expenses, interest payments or just about anything they find inconvenient, gives investors a better picture of companies’ performance. Under no circumstances is it manipulation, they say. But a new study suggests it just might be. The study, which will be presented ...

Masayoshi Son is a man of grand ambitions. But his dream of raising $30 billion in an initial public offering of his Japanese mobile-phone company may be a stretch. SoftBank Group Corp is seeking a valuation of about $90 billion for its domestic wireless business and is speaking to advisers about selling a third of the unit, Giles Turner, Ruth ...